Amendment status not verified — confirm the current text below against the official source.
(l) Every registered person sholl, subject to such conditions ond restrictions os moy be prescribed, be entitled to toke the credit of eligible input tox, os self- ossessed, in his return ond such omount sholl be credited on o provisionol bosis to his electronic credit ledger. Cloim of in- put tox credit ond provisionol occeptonce thereof. First Return. l6l (2) The credit referred to in sub- section (l ) sholl be utilised only for poyment of self-ossessed output tox os per the return referred to in the soid sub-section.